UPDATE: RBC Capital Upgrades Beacon Roofing Supply (BECN) to Sector Perform
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Beacon Reports First Quarter 2021 Results
February 8, 2021 4:00 PM ESTRobust demand combined with strong operational execution drove significant year-over-year improvement in Q1 net income and Adjusted EBITDA Double-digit first quarter net sales growth driven by residential strength, while operating cost improvements reflect productivity gains and focus on delivering operating cost leverage Increasing confidence in 2021 demand, pricing execution and operating expense leverage Transformational divestiture of Interior Products business will sharpen focus on growth in core exteriors business, strengthen balance sheet and enhance financial flexibility
HERNDON, Va.--(BUSINESS... More
